In 2024, Binance remained the largest centralized cryptocurrency exchange, despite its share of total trading volume among the top 15 exchanges falling by approximately eight percentage points, from 47% to 39%. Its trading volume nearly doubled to $7.3 trillion.

Overall, centralized exchanges saw $18.83 trillion in trading volume last year, the second-highest total in five years. The 2021 total of $25.21 trillion, according to Coingecko data, remains the record. During that year, a number of notable milestones or events occurred including the surge in altchain activity, the listing of Coinbase on Nasdaq as well as bitcoin hitting the then-all-time high.

Bybit, meanwhile, was the second-largest centralized exchange platform, with trading volume just below $1.75 trillion, or approximately 9.28% of the total. Crypto.com, with a nearly tenfold volume surge to $1.29 trillion, moved into third place. Upbit and OKX rounded out the top five, with $1.258 trillion and $1.172 trillion, respectively.

Seven centralized exchanges had volumes exceeding $1 trillion in 2024. In 2023, only Binance reached that milestone.

Crypto.com was the fastest-growing centralized exchange in 2024, with a 969.7% increase in volume. Bybit and Gate were the second and third fastest-growing, with increases of 397.8% and 241.5%, respectively. OKX (16.3%), HTX (16.0%), and MEXC (16.6%) saw their volume shares decline over the past five years.

By 2024, OKX, HTX, and MEXC were outside the top five, with market shares of 6.2%, 4.4%, and 4.1%, respectively. FTX, the exchange formerly run by Sam Bankman-Fried, accounted for 2.6% of volume in 2021 and 4.8% in 2022 before its collapse.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。